Every selloff of more than one percent this year has proven to be a buying opportunity as the key support levels we have monitored have held. Today we saw the most intense selling we have had in a while and some of those support levels are now in question. The video below takes a look at what I think the most likely scenario is for the next couple of days in $SPY $QQQ $IWM $XLF $SMH

2-20-2013 2-17-43 PM